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IBNlive.in.com, 4 Mar 2014
Singapore has topped a list of 131 cities globally to become the world's most expensive cities to live in 2014, according to the Economist Intelligence Unit (EIU), reported by the BBC. India's major cities - including Mumbai and New Delhi - were found to be among the least expensive in the world.
Mumbai's prices are kept low by large income inequality, this BBC report stated, adding that the low wages of many of the city's workers keep spending low, and government subsidies have helped them stay that way. Full story